The past year has become for Paradox Interactive the best in the history of the company in terms of growth. Reported by GamesIndustry.biz with reference to the publisher’s financial report for 2023.
According to him, Paradox’s revenue increased by 39% compared to 2019 and reached $ 216 million including investment $ 73.9 million in the development of games, which is 45% more than a year earlier. At the same time, the fourth quarter turned out to be significantly weaker for Paradox against the background of the rest of the year, showing a decrease in operating profit.
According to the CEO of Paradox Ebba Jungeruda, the reason for this was the exit Crusader kings 3 and Empire of sin… Both games became the company’s largest and most expensive releases in 2023, which means a much slower return on investment.
Specifically for Empire of Sin, Jungerud said that Paradox was dissatisfied with the launch of the game, criticizing the overall quality of the project and the way it was received.… Last February studio Romero Games, responsible for the creation of the gangster strategy, was forced to announce the long-term transfer of the game for the “high-quality implementation of all ideas”, but all attempts of the authors could not make the proper impression on the players after the release. Despite the failure, Empire of Sin will continue to receive updates in the future…
In the same report, Jungerud revealed that COVID-19 has had a major impact on Paradox’s business, dramatically increasing its user base in the company’s games since the start of the pandemic. However, the downside was the slowdown in the production of new content, since all employees were transferred to a remote mode of work. As a result, the publisher had to close several yet unannounced titles.…
Another bad news from Paradox Interactive was the withdrawal of the studio Hardsuit labs since development Vampire: The Masquerade – Bloodlines 2… The long-suffering game, which had previously been postponed from the past to the current year, has now left for an indefinite date.
Read also: Ride and Stunt Handheld: The First Gameplay of the Switch version of Tony Hawk’s Pro Skater 1 + 2…
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